Danish Pension Fund P+ Names New Managing Director
CIO Kåre Hahn Michelsen has been promoted to succeed Søren Kolbye Sørensen as head of the $21.5 billion fund.
News
Who Is the No. 1 Quant? A Contest for the Best Stock Prediction Will Decide
Abu Dhabi is backing a competition for quantitative investing aces, with a $40,000 top prize.
Debt Ceiling Measure Clears the Senate After Day of Debate
The bill, passed by a vote of 63 to 36, heads to President Biden for his signature ahead of the June 5 deadline default.
PPG Agrees to Transfer Pensions of 4,000 Retirees
The $309M transaction moves the liabilities to insurers Legal & General and RGA.
Due Diligence: Using ESG as a Risk Mitigator
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
Essential Prevention: Cybersecurity Has Never Been More Important
Allocators, money managers and regulators are realizing cybersecurity processes need continual updating.
Paper From Japan’s GPIF Proposes New Way to Compare Alts With Traditional Assets
The authors claim their Spread Based Direct Alpha method is more accurate than current measurements.
Norway Pension Board Puts Indonesian Firm Under Observation
Indonesia’s largest cement producer allegedly presents a risk of damage to prehistoric cultural heritage sites.
U.S. House Passes Debt Ceiling Bill
Senate to consider bill on Thursday with June 5 Treasury Department deadline looming.
Bernanke: 4.3% Jobless Rate Needed to Get Inflation Back to Pre-Pandemic Level
Former Fed chief puts a number on the level of employment-related pain needed to hit price-rise target.
Canada’s CPPIB Returns 1.3% in Fiscal 2023
Canadian pension giant outperforms benchmark by 120 basis points to raise asset value to C$570 billion.
Franklin Templeton Is Buying Putnam Investments
Franklin Templeton announced its acquisition of Putnam Investments from Great-West Lifeco for $925 million.
Biden-McCarthy Agreement Would Extend Debt Ceiling to January 2025
In exchange for extending the debt ceiling, the Biden administration agreed to budget cuts and changes to the federal energy permitting process.
Biotech Investment Could Be Approaching a ‘Golden Age’
J.P. Morgan strategist Jared Gross sketches out how small life sciences firms are now well-placed due to higher federal research funding and a more receptive FDA.
NYC Teamsters Pension Sues Disney Over Streaming Service Losses
Lawsuit alleges hiding cost overruns at Disney+ was a ‘motivating factor’ behind the media giant’s 2020 reorganization.